Distinct Wallets (Optimism Bridge)

Q1. Many blockchain bridges exist allowing users to move assets between different blockchains. One of the blockchains currently receiving a lot of bridge volume is Optimism. There are several bridges you can use to move tokens to Optimism, but for this bounty we are particularly interested in Optimism’s bridge. How many distinct wallets have deposited or withdrawn ETH to Optimism via the native bridge in the last 60 days? Visualize your findings.

Introduction

An ERC20 token can be deposited and locked on L1 in exchange for the same amount of an equal token on L2 using the normal bridge functionality. Depositing 100 USDC on L1 in return for 100 USDC on L2, and withdrawing 100 USDC from L2 in exchange for the same amount from L1, is known as "bridging a token." The standard bridge is not only used to connect tokens, but it is also used to connect ETH.

Method

I use ethereum.core.ez_eth_transfers table by filter of origin_to_address=lower('0x99C9fc46f92E8a1c0deC1b1747d010903E884bE1') to find distinct wallets have deposited or withdrawn ETH to Optimism via the native bridge in the last 60 days.

Analysis

Conclusion

On June 1 and May 31th, 2022, a total of 4.6k and 3.9k wallets made use of the Optimism native bridge, as shown in the bar graph.

The native Optimism bridge was used the most on May 31 and June 1, compared to days before and after. There have been a total of 27.34k wallets in use today. This bridge saw the most traffic in the span of two days.

This sudden shift may be explained by the fact that on June 1, the Optimism network airdropped its official token to the network's early adopters.

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